Bitcoin Forum

Hello. Just recently I received 1pc of Token from a bounty several months ago. This is level 1 bounty (More like an airdrop- They has us follow all social media accounts)  So basically, token will forever be in my wallet not unless It gained significant value in the future.

My question is, why do you think this bounty managers are accepting more and more people to the point that there are almost none left from the pool to be divided among the participants? And why do you tthink these people are giving away an amount that is almost impossible to trade with in the next years? Does it add value to a coin when there are a lot of holders? Lots of questions in my head I hope you can answer.

Well, they get free advertising from those bounty hunters. Not sure why it isn't obvious to you. It has nothing to do with the number of holders. They don't care how much you'll get either, the less they could pay you, the better. They don't care whether you can trade the coins or not as long as they get free advertising.

Why do you even participate if they're giving away something that isn't even worth anything?
I mean, you know beforehand that you're receiving X amount of tokens, right?

So you should've seen it coming that you are basically receiving nothing from the bounty campaign.

These ICOs are doing it because they don't care about their promotors. They just want the quick and easy money.
Of course they're going to accept as many people as possible...

On the other hand, why people just joining airdrops without any knowledge on how the allocation works? And when it's time now for reward distrbution, they will be surprised because they expect that they can received more. -_-

The future of that coin lies on how will the devs worked on it. They are varies per coin so better head to the official platform where that coin is being discussed so you will somehow know if that coin can be considered as "having a good future".

If that's the case, why do you even bother joining such campaigns? You chose to join the campaign, knowing that you will be "paid" with the worthless tokens.

I'm pretty sure it isn't the bounty manager's decision, but the people who run the project. The bounty managers are mostly just paid to follow the requirements and demands of the project teams.

You really don't expect a token to be worth something early on, regardless if the coin/token is actually legitimate or not. Remember, even bitcoin was worthless in it's early days. Though I'm not saying that these airdropped coins/tokens will have value in the future. Chances are, most will not.

Well, airdropping certain coins/tokens does give it a lot more publicity, so it probably adds "value" to it. Though most of the coins/tokens being airdropped is going to end up being a useless dead coin anyway, so why bother.

I thought I am the only person experiencing this as I have tokens send to my wallet everyday from the airdrop I participated but most of them are less than a dollar in the market.  I think airdrops is not worth it as 99% of them can not fund the gas or charges at the exchange.  I have decided to live them for long-term maybe in some years to come it will be valuable.  I believe that the future of everything related to cryptocurrencies is bright and if we should keep what we have for long-term there is no way we would not make money. Yes, I hope many of us understand that and the projects owners preferred million to participate in their airdrop and pay $100 worth of their airdrops to the participants.  Before you participate in airdrop have this in mind that the airdrop's coins is almost free coins so the owners know that and they will not like throwing much into it.

The bounty campaign managers as well as the actual creators of a coin or token in your case don't really care about how many coins are distributed to participants, but rather they just care about advertising, which is what bounty campaigns are all about in the first place. There's more and more people coming into crypto to earn a quick buck, and as long as the requirements for bounties and airdrops remain where they are, bounties will continue to become more and more saturated. This is why you should always read in on how many coins are being distributed to bounty hunters, what the ICO price for a coin is and how an advertised price per week value is calculated if it is being advertised in a campaign. It really doesn't hurt you to read between the print in the end.

Hoping that they will be like Blockchain who'll airdrop XLM's to all who uses their wallets. That's the real airdrop I guess, too many airdrops right now especially in this forum and yet if it will be on the market and the price has been determined it almost goes for nothing.

Better to give more budget allocation on airdrops and to all users just join airdrop that's worth the effort.

I think I got this too. but i haven't got my token yet. Credits?? I was also on level 1, I was not expecting they would give out 1cs per participants in level 1 though. I was able to join their first bounty and they paid pretty fair then. The Bounty manager was fair and really good, that;s why I joined. Didn't know it would turn out this way.

Most likely it will stuck in your wallet forever, sorry to burst the bubble for you.


Because more people joining, the better exposure they got. And for all we know, maybe bounty managers doesn't have control or they really don't care. As long as they are getting paid to do their job, they will continue to accept participants regardless if the token has value at all.

You have raised a valid point though and the answer to your question is the objective of the bounty/airdrop exercise. Some bounty exercise is not no make rich and not to make payment but for publicity which is their primary motive and the moment that is achieved, every other interests becomes secondary which demands no attention which is why after they must have allocated certain percentage to a section of the publicity, they continue to recruit because the higher the number of people that enrolled, the higher they get the message out which is them achieving their objective.

The solution however, is to study the project beyond the nice and flashy ANN to the very tiny details about the salient conditions of the payment structure then decide whether to join in or not. And if you realise that it won't worth your time, then don't join and look for something else to do.

Managers or dev only think of ways to promote their projects without thinking that their bounty or airdrop participants have to get a lot, therefore bounty participants must be selective and if they only get little or can’t sell because they are too cheap and cannot cover transaction costs then it is a risk for bounty hunters.

Talking about a certain coins value in the future would really always remain unanswered yet no one can able to predict on whats ahead.Each project will not really make
any cut-off or limitations when it comes to participants because the more people do join the more exposure that it would gives out and they dont care on how many would divide or shared
up on the same pool as long they already stated for it to be fixed.

no matter how many people join the bounty/airdrop, the budget for that is still the same. so lets say they allocated $100,000 for the bounty, if they will only accept 10 users (they will recieve $10,000 each) they will only get promotion from 10 users, so why not ask as many people as possible (lets say 10,000 users and each will recieve $10) and get promotion from 10,000 people? would you choose to pay 10 people or 10,000 people to promote your project using the same budget?